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Dec 13, 2012
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john har wood is in washington, d.c. with the details on that welcome to the program, john. i would expect that two-thirds of americans might say, the cnbc slogan goes, rice above what is interesting here, the majority of you republicans, 59% say do a deal and 61% of republicans say it is okay to raise tax on those earning more than $250,000. >> well, exactly. what we have seen is that the public has absorbed the idea that the fiscal cliff and going over it would be a very bad thing to do they are looking at what the least bad alternatives r if you look at the "wall street journal" poll, you can see that president obama has the upper harden this in defining what those alternatives -- least bad altern trip. first of all, yet of who do you trust, 38% say they trust president obama to handle the fiscal cliff. that's twice as many as, say, speaker boehner. 14% say both equally. 28% say they don't trust either one of them. then when you look at the specific solutions, you can see that president obama again has the strong hand. when we asked people does the president have a mandat
john har wood is in washington, d.c. with the details on that welcome to the program, john. i would expect that two-thirds of americans might say, the cnbc slogan goes, rice above what is interesting here, the majority of you republicans, 59% say do a deal and 61% of republicans say it is okay to raise tax on those earning more than $250,000. >> well, exactly. what we have seen is that the public has absorbed the idea that the fiscal cliff and going over it would be a very bad thing to do...
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Dec 5, 2012
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john, your thoughts? >> reporter: well, as we discussed before the president came in, he was piggybacking on the suggestion that a longer-term fix to the deficit. when he said absolutely, as he did, that i'm not going to play that game. that suggests he's holding in reserve the option that have discussed in 2011, the president said orb concluded he didn't think he had the legal authority to do it. and risk a court fight. it sounds to me like the president is suggesting that would be preferable to going through the same sort of turmoil we went through in 2011, but here again you have the president trying to marshal the political capital, campaign on a pledge to seek higher rates as a partial solution to our long-term fiscal challenges, trying to mobilize business support with the idea that the support of business leaders like the brt would get to republicans in congress who were simultaneously as you know, having their own conversation where eric cantor was talking about the president's obsession with high
john, your thoughts? >> reporter: well, as we discussed before the president came in, he was piggybacking on the suggestion that a longer-term fix to the deficit. when he said absolutely, as he did, that i'm not going to play that game. that suggests he's holding in reserve the option that have discussed in 2011, the president said orb concluded he didn't think he had the legal authority to do it. and risk a court fight. it sounds to me like the president is suggesting that would be...
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Dec 7, 2012
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i want to bring in cnbc chief correspondent john harwood. john, there's been some comments that because the talks have narrowed because of the participants that's a group siechblt does this negate that? >> i don't think so. look. it's always difficult to tell, carl, what's happening. a lot of times you've got the appearance of an absolute gridlock and a thawing going on behind the scenes. we don't really know. he did say that tim geithner in his comment to steve liesman earlier in the week when he said we'll go over the fiscal cliff if we don't get higher rates was reckless talk. the staff resumed conversations yesterday in the phone call between speaker boehner and the president that you mentioned. so it's difficult to tell. i still believe as i've said ever since the election that the conditions are emerging for a potential deal, but you've got to get there when the speaker can rally his troops behind the sort of deal that the president will accept. the president believes he holds the high ground. he has all the tax cuts expiring at the en
i want to bring in cnbc chief correspondent john harwood. john, there's been some comments that because the talks have narrowed because of the participants that's a group siechblt does this negate that? >> i don't think so. look. it's always difficult to tell, carl, what's happening. a lot of times you've got the appearance of an absolute gridlock and a thawing going on behind the scenes. we don't really know. he did say that tim geithner in his comment to steve liesman earlier in the...
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Dec 10, 2012
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john harwood in washington. be sure to tune in tomorrow for c innocence's special fiscal cliff coverage, live from washington. mission critical, rise above d.c., all day long, of course, becky, jim cramer, brian sullivan, maria will be holding lawmakers' feet to the fire in direct interviews about where they stand on the fiscal cliff and how they'll do their part to rise above partisan politics and reach a deal. earlier on "squawk box," erskine bowles, the co-founder of the fix the debt campaign, co-chair of fiscal responsibility and reform was asked about the progress he thinks both sides were making. >> i think the atmospherics are getting so much better. we've kind of gotten out of the ka kooky theater and gone to dancing the tango with those two guys. any time you start to tango you got a chance. >> joining us this morning from newton, mass, greg manke, economic adviser to the romney campaign, former chair of economic advisers under george w. bush now an economics prof s professor at harvard and ron johnson,
john harwood in washington. be sure to tune in tomorrow for c innocence's special fiscal cliff coverage, live from washington. mission critical, rise above d.c., all day long, of course, becky, jim cramer, brian sullivan, maria will be holding lawmakers' feet to the fire in direct interviews about where they stand on the fiscal cliff and how they'll do their part to rise above partisan politics and reach a deal. earlier on "squawk box," erskine bowles, the co-founder of the fix the...
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Dec 12, 2012
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john, what should the fed do today? what can the fed do today to prevent that sentiment, feeding through potentially to spending on this economy? >> i don't think there's anything the fed can do at this point, because it's not about monetary policy. steve has shown you we've already had a $2 trillion expansion in the fed balance sheets. rates are at zero. and promise to be held there for another three years. so what is it that they're trying to expand the balance sheet further and trying to depress generation treasury yields lower going to do to stimulate the mee? i think it's going to do no good. potentially it could do harm, hurting savers, perhaps boosting commodity prices, raising inflation. if the fiscal cliff goes wrong, the feds have already acted. i think what they are going to do today is a mistake. >> in other words, the extension to $85 billion of outright asset purchases? >> that's correct. we're on emergency management policy more than three years into the recovery. if something goes wrong, you know, the fe
john, what should the fed do today? what can the fed do today to prevent that sentiment, feeding through potentially to spending on this economy? >> i don't think there's anything the fed can do at this point, because it's not about monetary policy. steve has shown you we've already had a $2 trillion expansion in the fed balance sheets. rates are at zero. and promise to be held there for another three years. so what is it that they're trying to expand the balance sheet further and trying...
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Dec 11, 2012
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john boehner is going to speak from the floor of the house. not a brepresser. with an update on fiscal cliff go negotiations. that's coming at noon right after the gavel. in the meantime, you're looking at the final shipment of twinkies. >> behold. >> but where are these cream filled snack cakes? we're going to tell you how you can get your hands on one after the break. >> yuck. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which lis
john boehner is going to speak from the floor of the house. not a brepresser. with an update on fiscal cliff go negotiations. that's coming at noon right after the gavel. in the meantime, you're looking at the final shipment of twinkies. >> behold. >> but where are these cream filled snack cakes? we're going to tell you how you can get your hands on one after the break. >> yuck. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to...
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Dec 6, 2012
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guatemala police arrested john mcafee last night for entering the country illegally. >> john mcafee thought he had finally made it to safety when he reached the shores of guatemala this week, but his troubles it turns out are just beginning. mcafee, the gun toting software tycoon, is on the run after the murder of his american neighbor in belize. police are seeking mcafee for murder. he says he has nothing to do with the murder. after hiding for three weeks, he fled to guatemala and is now seeking political asylum. he thought that guatemala would be safe, he hired -- it turns out the plan was foiled last night when guatemalan police arrested him for illegally entering the country, if he gets asylum he can stay, but i'm told this is not likely, what is more likely is that he will be escorted by police back to belize, once at the border, he could be picked up by belize police and detained. what happens after that is anyone's guess. he could be charged in belize or if mcafee can be believed, he would disappear. i find it difficult that he would disappear back in belize. >> it comes sometimes i
guatemala police arrested john mcafee last night for entering the country illegally. >> john mcafee thought he had finally made it to safety when he reached the shores of guatemala this week, but his troubles it turns out are just beginning. mcafee, the gun toting software tycoon, is on the run after the murder of his american neighbor in belize. police are seeking mcafee for murder. he says he has nothing to do with the murder. after hiding for three weeks, he fled to guatemala and is...